'Crunch' EFL meeting with impact on Preston North End as Leeds United & Stoke City 'leading the charge'

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The Premier League is yet to agree a ‘New Deal’ for the EFL

A ‘crunch’ EFL meeting will take place on Friday, with Championship clubs ‘locked in battle over proposed new spending rules’.

The Premier League has been unable to thrash out a ‘New Deal’ for the Football League, over funding and redistribution. The EFL outlined its disappointment at that in a March statement and now there is said to be ‘growing tension’ between clubs, over the future of financial controls.

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Leeds United, Hull City, Stoke, West Brom, Cardiff and Swansea are listed by The Telegraph as the six clubs ‘leading the charge’ for eased spending restrictions. The plan, to allow clubs to spend 70 per cent of revenue on wages, transfers and agent fees, would follow in UEFA’s footsteps.

Championship senior officials will meet tomorrow (07/06) and a two-thirds majority verdict will be required, to trigger a vote. It’s stated that ‘a number of Championship clubs’ are in danger of breaching profit and sustainability rules. Clubs, under the current P&S rules, cannot exceed £39m of losses over three-years. In the Premier League, maximum losses are £105m over that period.

Speaking earlier this year, PNE director Peter Ridsdale - who sits on the EFL board - told BBC Radio Lancashire: “It’s very frustrating for the whole of English football. There is no disagreement with the EFL clubs – it is with the Premier League clubs as to how much of the money is going to come down and where it is coming from, ie, which of the Premier League clubs are going to give us the money. We’ve made it clear to the Premier League that if they put their proposals into a formal offer, we would recommend acceptance.

“We’re sitting here today and we have not had that offer. Despite the fact we were told it was coming last September. All we want is to make sure we have a sustainable and competitive EFL and obviously you see the cliff-edge between the Premier League and the Championship, with the parachute clubs coming down - getting something like £50m in the first year and £40m-odd in the second year, having got relegated. If we don’t keep it competitive and sustainable, then English football is finished,”

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